Commodity refers to the material commodity that can enter the circulation field, but is not a retail link, and has the property of commodity and is used for industrial and agricultural production and consumption. In the financial investment market, bulk commodities refer to homogeneous and tradable commodities widely used as industrial basic raw materials, such as crude oil, non-ferrous metals, steel, agricultural products, iron ore and coal.

bulk commodity

trait

First, the price fluctuates greatly. Only when commodity prices fluctuate greatly, traders who intend to avoid price risks need to use forward prices to determine prices first. For example, some commodities are subject to monopoly prices or planned prices, and the prices are basically unchanged. There is no need for commodity operators to use futures trading to avoid price risks or lock in costs.

Second, the supply and demand are large. The function of the futures market is based on the extensive participation of both the supply and demand sides of commodities. Only goods with large spot supply and demand can fully compete in a wide range and form authoritative prices.

Third, it is easy to classify and standardize. The quality standard of the delivered goods is stipulated in the futures contract in advance. Therefore, futures varieties must be commodities with stable quality, otherwise, it will be difficult to standardize.

Fourth, it is convenient for storage and transportation. Commodity futures are generally long-term delivery commodities, which requires these commodities to be easy to store, not easy to deteriorate and convenient to transport, so as to ensure the smooth delivery of futures.

Commodities also have five characteristics:

1, large supply and demand

2. Country of origin

3. Raw materials

4, the national unified price limit

5, affect the national economy and people's livelihood

range

This standard specifies the requirements of participants in spot electronic trading of bulk commodities and the business process of electronic trading. This standard is applicable to the electronic trading of bulk commodities in the spot field, especially in the spot wholesale market, and is not applicable to futures trading.

trend

According to the latest report of commodity supply and demand index (BCI) of commodity data provider in February/October, 55 kinds of commodities tracked by BCI 100 have increased, among which energy is the top gainer, with the highest increase of 2. 14%. This reflects the far-reaching impact of international oil prices on China, but the price of coal, which consumes more than 70% of energy, continues to fall, indicating that the virtual heat in the commodity market is still there, and it will take time for the downstream to recover.

Among the 100 commodities tracked by the business community, 55 commodities rose in February, and the average increase of 100 commodities was 0.35%. Energy and nonferrous metals became two bright spots in February, with the highest average increase of energy (2. 14%) and the lowest average increase of nonferrous metals (-1.87%).